Purchase of Technology. 2.1 Sale and Purchase of Sale Assets. Seller hereby sells, assigns, conveys, transfers, and delivers to Buyer, and Buyer hereby purchases, accepts, and acquires from Seller, the Software and all associated items as set forth in Exhibit A and Exhibit B of this Agreement, (“Sale Assets”), which is hereby incorporated herein, and includes all associated Technology, Developments, Enhancements, Source Code, Object Code, Derivative Works or other associated information or technology, more fully described as Voidicle Property in Section 2.2 below.
2.2 Acquisition shall own and retain all right, title and interest in and to the Sale Assets including but not limited to the Software and all Technology of Voidicle existing as of the Effective Date and all Developments and Enhancements that may be created at any time thereafter in the course of performing this Agreement, including the Software, the Source Code, the Object Code and the Documentation, together with all Intellectual Property Rights therein or thereto (“Voidicle Property”). The Voidicle Property includes any modifications, Developments, Enhancements, or Derivative Works of the Voidicle Property or the Software made, conceived or reduced to practice by Voidicle, Acquisition, Accelera, or any of their respective employees at any time (“Voidicle Derivatives”). Voidicle shall not have any right in or to any Software or the associated Intellectual Property Rights.
Purchase of Technology. ALLIANCE OUTPUT BY MBX. MBX shall have the right, but not the obligation, to purchase the Technology Alliance Output from ADM Sub at a price of * of PHA Material contained within the PHA Cell Paste, on a one hundred percent (100%) purity basis, and the right and obligation to purchase the Marketing Material manufactured in accordance with the applicable agreement between the Parties, from ADM Sub, at ADM Sub's Manufacturing Cost, F.O.
Purchase of Technology. In consideration of the agreements and understandings made and arrived at herein, the Corporation will purchase and LLC will sell and assign, all of LLC’s right, title and interest in and to the Technology, free and clear all liens, security interests, or other encumbrances of any character whatsoever. LLC warrants and represents only that whatever ownership rights it has in the Technology, they have been transferred to the Corporation. LLC will execute promptly on request whatever other documents the Corporation reasonably deems necessary or desirable to carry under the provisions of this Section 4. In payment for the Technology, the Corporation will make and deliver the First Note described above to LLC evidencing a loan in the principal amount of $100,000 subject to the above-described Loan and Security Agreement.
Purchase of Technology. ATP hereby agrees to purchase the Technology ---------------------- from the Company for the sum of Four Hundred Thousand Dollars ($400,000). The parties shall use their best efforts to consummate the sale of the Technology by December 31, 1997.
Purchase of Technology. Licensee will have the right to purchase i.c.Xxxx xxxdware under the same terms and conditions offered by MAXIC directly to the general public. Such purchase shall automatically include a grant to Licensee of an irrevocable except as provided herein, non-exclusive, worldwide, royalty-free transferable, license to use, distribute and sublicense the purchased i.c.Xxxx xxxdware and such i.
Purchase of Technology. 1.1 The Purchaser agrees the purchase all right, title and interest in and to the Technology, as more particularly described in Schedule 1.0 attached herto,m for the sum of Cdn $15,000 (the “Purchase Price”).
Purchase of Technology. Immediately following the Closing, the Seller and the Shareholders shall jointly use their best efforts to assist the Parent and/or the Purchaser in negotiating with the Licensor for the purchase by the Parent and/or the Purchaser of the Technology, at their expense and at a price acceptable to Parent in its reasonable discretion. If the Seller and the Shareholders are not able to procure the Technology at a price acceptable to Parent in its reasonable discretion, the Seller and the Shareholders will jointly use their best efforts to develop programs and applications that function in the same manner to the Technology (the “Parallel Programs”) for and on behalf of the Parent and/or the Purchaser within twelve (12) months following the Closing. All work product created by the Seller and the Shareholders to develop the Parallel Programs shall be deemed “work for hire” under all applicable laws and shall be the property of the Parent and the Purchaser. If the Seller and the Shareholders have not successfully developed the Parallel Programs within twelve (12) months following the Closing, the Seller and the Shareholders shall purchase the Technology, at no cost to the Parent or the Purchaser, on behalf of and for the benefit of the Parent and the Purchaser.
Purchase of Technology. Lenstec agrees to sell to STAAR its ---------------------- Technology, including its trade secrets and manufacturing technology, relating to the manufacture of three-piece and plate haptic Hydro Acrylic IOLs. Lenstec agrees that included in this purchase of technology will be the development of haptic design and assembly technique (as used in the Lenstec LH 3000 HEMA/acrylic copolymer lens) for a Staar developed xxxxxxxx lens. This also includes the installation of the process, the training of Staar personnel in the manufacture of this lens and supplying standard operating procedures for the process.
Purchase of Technology. 1.1 The Purchaser agrees to purchase all right, title and interest in and to the Technology, as more particularly described in Schedule 1.0 attached hereto, for the sum of USD $12,500 (the “Purchase Price”).
Purchase of Technology. Sale and Purchase of Sale Assets. Seller hereby sells, assigns, conveys, transfers, and delivers to Buyer, and Buyer hereby purchases, accepts, and acquires from Seller, the Software and all associated items as set forth in Exhibit A and Exhibit B of this Agreement, (“Sale Assets”), which is hereby incorporated herein, and includes all associated Technology, Developments, Enhancements, Source Code, Object Code, Derivative Works or other associated information or technology, more fully described as Voidicle Property in Section 2.2 below.
